UPDATED 1:10 P.M. EDT U.S.A. Two eAdGear Ponzi- and pyramid-scheme figures have pleaded guilty to federal criminal charges of structuring transactions to evade bank-reporting requirements and conspiracy, according to court filings and records in U.S. District Court for the Northern District of California.

A application for a preliminary order of forfeiture filed by federal prosecutors July 17 says Wang and Yuen pleaded guilty to the structuring charges on May 27. The superseding structuring complaint alleged they made structured deposits — typically in amounts below $10,000 — and caused others to do so.

The cases appear to have been resolved via a plea agreement that led to the guilty pleas.

Structuring is a crime that occurs when individuals make deposits in a way that may dupe banks into not filing Suspicious Activity Reports, thus providing scammers more time to carry out a fraud scheme.

The maximum prison sentence for structuring is 10 years. Conspiracy in the context of structuring carries a maximum penalty of five years in prison. Both crimes can lead to large fines.

Though the plea agreements appear not to be instantly available, the forfeiture application says Wang and Yuen have agreed to pay a money judgment of $731,405.33. This sum represents the alleged amount of structured transactions that passed through banks in California and New Jersey.